Report Update: May 1, 2024

United Kingdom - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights

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Metal Wool Price in the UK - 2023

Metal Wool Price in the UK (CIF) - 2022

In 2022, the average metal wool import price amounted to $5,333 per ton, surging by 14% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool import price increased by +62.6% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 21%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($11,506 per ton), while the price for France ($4,369 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Wool Price in the UK (FOB) - 2022

The average metal wool export price stood at $8,487 per ton in 2022, shrinking by -30.2% against the previous year. Overall, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum at $12,162 per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($28,747 per ton), while the average price for exports to Iraq ($1,149 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports in the UK

In 2022, overseas purchases of iron or steel wool decreased by -23.8% to 2.1K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, imports reached the peak of 4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, metal wool imports shrank to $11M in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Metal Wool in the UK (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	8.3	8.5	8.3	7.9	-1.6%
India	0.7	0.8	0.7	0.8	4.6%
Indonesia	0.5	0.3	0.3	0.7	11.9%
Italy	0.3	0.2	0.3	0.4	10.1%
Germany	0.5	1.2	0.1	0.4	-7.2%
France	N/A	0.2	0.1	0.2	0.0%
Ireland	2.3	2.9	1.9	0.1	-64.8%
Others	0.9	1.1	1.0	0.7	-8.0%
Total	13.7	15.2	12.8	11.2	-6.5%

Top Suppliers of Metal Wool to the UK in 2022:

China (1609.5 tons)
India (125.0 tons)
Italy (80.0 tons)
Indonesia (64.6 tons)
Germany (49.4 tons)
France (40.0 tons)
Ireland (17.4 tons)

Metal Wool Exports in the UK

In 2022, overseas shipments of iron or steel wool decreased by -13.4% to 758 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 72%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal wool exports contracted notably to $6.4M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 126% against the previous year. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Metal Wool in the UK (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Australia	651	6,325	4,170	3,899	81.6%
Netherlands	130	140	2,981	530	59.8%
United States	548	1,021	516	421	-8.4%
Ireland	1,438	1,555	821	354	-37.3%
Iraq	N/A	2.6	N/A	153	667.1%
France	467	782	88.3	66.3	-47.8%
Barbados	2.0	N/A	3.1	52.0	196.2%
Italy	286	309	20.7	39.6	-48.3%
Germany	342	871	105	22.6	-59.6%
Gambia	N/A	N/A	N/A	18.6	0%
Spain	274	328	71.7	5.3	-73.2%
Others	2,128	2,819	1,868	873	-25.7%
Total	6,267	14,152	10,644	6,434	0.9%

Top Export Markets for Metal Wool from the UK in 2022:

Australia (370.0 tons)
Iraq (132.9 tons)
United States (44.9 tons)
Ireland (41.3 tons)
Netherlands (33.4 tons)
Gambia (14.9 tons)
France (11.7 tons)
Barbados (11.5 tons)
Italy (4.2 tons)
Germany (2.6 tons)
Spain (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal wool market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023